On the morning of Nov.16, 2021, Wang Chengjie, Vice Chairman and Secretary General of China International Economic and Trade Arbitration Commission ("CIETAC”), led a delegation to visit the China Association for Public Companies (CAPCO), and held discussions with Sun Nianrui, Vice President of the China Association for Public Companies. 

CAPCO was established in 2012 in accordance with the Securities Law of the People’s Republic of China and other relevant laws and regulations. It is a national self-regulatory organization incorporated by publicly listed companies and relevant entities as the main body to protect the legitimate rights and interests of its members. It is a non-profit social organization legal person. This visit functions as a move to thoroughly implement the spirit of the “Opinions on Conducting Pilot Arbitration in the Securities and Futures Industry According to Law” issued by the China Securities Regulatory Commission and the Ministry of Justice on October 15, 2021 and to further understand the legal services needs of members of relevant self-regulatory organizations in the securities and futures industry. Then with CIETAC’s professional resource advantages and efforts of relevant associations, the securities and futures market can maintain a good order while the legal environment in the capital market can become better. During the visit, Secretary General Wang Chengjie briefed on the development of CIETAC, especially the acceptance of cases involving public companies and the types of disputes. Relying on advanced arbitration rules, professional arbitrators, and rich experience in case management, CIETAC continues to lead the development of the industry with innovative practices, pioneers and continues to practice the wisdom of combination of arbitration and mediation. CIETAC is committed to deepening the dispute resolution in the financial field, with international reputation and credibility continuing to rise. Secretary General Wang also pointed out that in May this year, CIETAC took the lead in establishing the CIETAC Shanghai International Arbitration Center for Securities/Futures and Financial Disputes in cooperation with local public companies, associations, securities/futures/fund industry associations, to resolve industry disputes through arbitration and mediation and continue to innovate, and escort the healthy development of the industry.

Vice President Sun Nianrui extended a warm welcome to CIETAC delegation on behalf of the CAPCO. He briefly introduced the development of the CAPCO, its main functions, structure, and the types of disputes involving members of the association. He said that in recent years, as industry disputes have become more and more intensive, disputes involving its members are often characterized by strong professionalism and high complexity. Arbitration, with its professional and confidential advantages, is a good fit for the industry and public companies to resolve diversified disputes. The demand for arbitration is bound to become the trend of dispute resolution in the industry in the future.

Through this research and discussion, both sides reached a broad consensus on how to further strengthen information exchange and resource sharing in the future, and how to deepen the securities and futures industry dispute resolution cooperation under the new situation, so as to work together to improve the diversified dispute resolution mechanism of the industry, and maintain the healthy development of the securities industry.